CANADIAN GOLD EXPLORATION

Private & Confidential – September 2021 Cautionary Note Regarding Forward-Looking Statements

This presentation contains or incorporates by reference “forward-looking statements” and “forward-looking information” under applicable Canadian securities legislation. Forward looking information includes, but is not limited to information with respect to the Company’s strategy, future plans, objectives or goals, including exploration plans at its mineral properties, renegotiation of the option agreement with Kraken Gold Corporation on the Timmins property, planned or anticipated capital raises, planned or anticipated budgets and potential for future estimated mineral resources. The Company cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this presentation. Forward-looking statements are characterized, but not limited to, words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical testing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this corporate presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Qualified Person Peter Hubacheck, P.Geo., consulting geologist to New Break Resources Ltd., and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”), has reviewed and approved the technical disclosure in this presentation.

2 September 2021 The New Break Value Proposition

GOLD – With interest rates at historic lows, a strong gold price, recent deals to buy Canadian gold development assets, gold focused assets are IN STRONG DEMAND.

CANADA – has a strong history of mining in proven gold camps and rapidly expanding gold production in , a vast underexplored northern frontier. Add Flow-Through financing tax incentives, specifically for Canadian mineral exploration, and is ONE OF THE BEST JURISDICTIONS IN THE WORLD FOR MINERAL EXPLORATION AND DEVELOPMENT.

PEOPLE & PARTNERSHIPS – EXPERIENCED MANAGEMENT TEAM AND ADVISORS that have worked extensively in Canadian mineral exploration and in Nunavut, firmly believe that Corporate Social Responsibility (CSR) is key to success, and supported by a STRONG TECHNICAL TEAM of experts, including Orix Geoscience Inc.

STRATEGY – Acquire a combination of drill ready gold exploration assets in PROVEN GOLD CAMPS (Cadillac-Larder ) and highly prospective properties in vastly underexplored NUNAVUT, leveraging new geological thinking and key partnerships. GO PUBLIC with a concurrent financing supported by an ESTABLISHED PROPERTY PORTFOLIO, managed by the RIGHT PEOPLE, executing a STRATEGIC VISION.

CAPITAL – LOW MARKET CAPITALIZATION & TIGHT SHARE STRUCTURE with strategic long-term investors as current shareholders, provide a superior investment opportunity.

3 September 2021 Capital Structure

Current private company capital structure:

$ amounts in Canadian Dollars As at August 31, 2021 Gross Management Proceeds Shares Outstanding & Directors Hard dollar financings $1,232,250 20,995,000 Accredited 22.8% Flow-through financings $861,181 9,103,300 Investors Friends & Long-Term Property Payments $155,000 3,100,000 Associates Shareholder 9.3% Shares Outstanding $2,248,431 33,198,300 60.4%

Outstanding Options 650,000 at $0.05 to July 5, 2024 7.5% Outstanding Warrants 7,660,150

. 91.2% Canadian & 8.8% International Shareholders . Cash on hand – approximately $900k

Implied Market Capitalization at $0.10 per share = $3.32 million

4 September 2021 Experienced Management & Board

Michael Farrant, B.Comm., CPA, CA - President, CFO and Director Mr. Farrant has 25 years experience in gold mining, including President and CEO of Sierra Minerals Inc., a TSX listed Mexican gold producer (now Goldgroup Mining Inc.), CFO of junior gold producers and explorers, past VP Treasurer and Operations Controller with Kinross Gold Corporation and Corporate Controller with Barrick Gold Corporation. Mr. Farrant was co-founder, President and CEO of Commonwealth Silver and Gold Mining Inc., sold to Marlin Gold Mining Ltd. in 2015. Mr. Farrant received a Bachelor of Commerce (Honours) from Queen’s University in 1992 and earned his CA in 1995 with Coopers & Lybrand. Bill Love, B.Sc. (Geology), MBA - Vice-President, Exploration Mr. Love is a geologist who has been involved in mineral exploration in Canada for the last 35+ years. He was part of the discovery team for the world-class Hemlo deposit. Mr. Love was also an institutional equity salesperson in London, England for a Canadian brokerage firm and spent the last 15 years as a venture capitalist and a corporate finance specialist in a variety of resource and technology companies. Mr. Love received a Bachelor of Science (Honours) in Geology from Lakehead University in 1981 and a Masters of Business Administration from Saint Mary’s University in 1984.

Nigel Lees, Executive Chairman (Audit Committee Member) Mr. Lees has over 30 years experience in investment banking and financing. He was a founder and past director of TVX Gold Inc., a significant North and South American gold producer, which merged with Kinross Gold Corporation in 2003. He has served as a member of the Listings Committee of the Toronto Stock Exchange as well as an officer and board member of several publicly listed junior mining companies. Most recently Mr. Lees served as a director of Yamana Gold Inc., including Chairman of the Compensation Committee.

5 September 2021 Experienced Management & Board

Ashley Kirwan, M.Sc., P.Geo., Independent Director (Audit Committee Member) Ms. Kirwan is a geologist with over 12 years experience in the mining industry. She was part of the advancement of exploration and production assets within the Sudbury Basin (KGHM Mining formally QuadraFNX Mining), Nunavut, Nevada, and Ecuador. Ms. Kirwan is also the co-founder, President and CEO of Orix Geoscience Inc. a geological consulting firm recognized for their technical excellence, industry partnerships, and workplace culture. Ms. Kirwan received both a Bachelor of Science (Honours) and a Master of Science in Geology from Laurentian University.

Joshua Bailey, MBA, B.Sc., M.Sc. (Geology), P.Geo., Independent Director Mr. Bailey is a professional geologist with over 20 years’ experience in the mining industry, with a focus on mineral exploration, corporate development, and investor relations. He currently serves as Chief Operating Officer and Director of Exiro Minerals Corp., an innovative private mineral exploration company. Prior to that, Mr. Bailey spent 13 years at Wallbridge Mining Company Limited, serving as Vice President Exploration, where he played a key role in the acquisition and early exploration of the Fenelon gold project in Quebec. Mr. Bailey received both a Bachelor of Science (Honours) from Memorial University and Masters of Science from Laurentian University, in Geology, and an MBA from Athabasca University. He also serves as Chair of the Ontario Prospectors Association, having been past president and a director since 2011.

6 September 2021 Experienced Management & Board

Thomas Puppendahl, M.Sc., MBA, Independent Director (Audit Committee Chair) Mr. Puppendahl has over 28 years experience in global capital markets as a strategist, portfolio manager, investment banker and analyst. He is the founder & managing partner of Chancery Asset Management, an independent strategic advisory firm based in Singapore, specialising in precious metals and natural resources. He is also a co-founder of a gold streaming & royalty company providing development capital to emerging gold producers. Mr. Puppendahl worked in mergers and acquisitions, private equity, emerging markets and management consulting with Merrill Lynch, Ermgassen & Co. and the Monitor Group in London and Mumbai. Mr. Puppendahl holds Master’s degrees in both Physics and Business Administration from RWTH Aachen University, Germany.

Michael Skutezky, B.A., L.L.B., Corporate Secretary & Director Mr. Skutezky has over 30 years experience in the financial sector in Canada including, Assistant General Counsel of RBC Royal Bank, where he focused on International and Canadian Project financing and Senior VP Personal Trust, National Trust Company. Mr. Skutezky has served as an officer, counsel and director of several private and public companies and has been a founder in the going public and listing of several TSX, TSX-V and CSE resource sector companies. Mr. Skutezky holds a B.A. in Business from Bishop’s University and an L.L.B. from Dalhousie Law School. He is a member of the Canadian and International Bar Associations and the Law Society of Upper Canada.

7 September 2021 Strong Technical Team & Advisors

From 1991 to 1999, John Todd served in the government, including as Minister of Economic Development, Minister of Transportation and Minister of Mines, Energy and John Todd Resources. As Finance Minister, he worked to establish the Nunavut territorial government and Former Minister Government of negotiated an initial transfer of $626 million to Nunavut from the Government of Canada. Mr. Todd Northwest Territories and Advisor for is an advocate for private development corporations to help advance commerce in Nunavut. Nunavut Properties Mr. Todd provided key advice to Cumberland Resources prior to being acquired by Agnico Eagle Mines Ltd. in 2007 and worked closely with the executive team at Agnico Eagle with respect to the Meadowbank & Meliadine gold mines. 40+ years of exploration and resource geology experience in gold, silver and base metal projects in Peter Hubacheck, B.Sc., P.Geo. Canada and the United States. Peter was part of several exploration discoveries and successful Geological Engineer & Qualified person development teams, including Texasgulf and Agnico Eagle Mines Ltd. Orix is a geological firm hosting a team of 40+ geology and geomatic professionals. Orix partners Orix Geoscience Inc. with exploration and mining companies, to integrate datasets and increase the geological Consulting Geological Team understanding of projects, enabling stakeholders to make informed decisions that increase shareholder value.

Strategic partner and 7.5% shareholder, Exiro’s highly experienced technical team combines Exiro Minerals Corp. modern technology with traditional methods and historical paper data offering opportunities for Strategic Partner additional project acquisitions.

8 September 2021 Exploring for Gold in Canada

Canadian Shield greenstone belts displayed  MINING FRIENDLY jurisdiction with Flow-Through financing tax incentives for Canadian exploration.

Sundog, Sy,  Canadian dollar gold price above CDN$2,200 per Noomut/Esker, Nunavut ounce, creating a PREMIUM TO INVEST IN CANADA Angikuni Lake  New Break projects located in favourable geological settings within PROLIFIC GREENSTONE BELTS Yellowknife Nunavut Assets –

Ontario Sundog Gold Property – Inuit Owned Land  Expression of interest submitted to NTI (9,415 hectares) Moray  Multi-target gold environments (Archean & Proterozoic) Winnipeg  Detailed historical work (trenching, mapping, sampling) Toronto Ontario Asset 100% owned Projects – Staked Q1 2021 . Moray Gold Project (49 km SE of Timmins, Ontario) Sy Gold Property (14,997 hectares)  100% owned (1,856 hectares). . Noomut/Esker Gold Property (6,227 hectares)  Cadillac-Larder Lake Fault (Southern Abitibi Greenstone Belt) . Angikuni Lake Gold Properties (736 hectares)  Historical gold and VMS showings from 9,794 meters  Claims for all 3 properties, have significant gold showings of historic drilling. from past exploration and are situated on Federal land.  All claims 100% owned by New Break and royalty free.

9 September 2021 Strategic Ontario Property Location

Ontario Regional Highlights Ontario - Abitibi Greenstone Belt 200M oz. historic gold production  Strategic Property Location in world class Abitibi region N 14 mineral claims covering 1,856 ha (100% owned).  Cadillac-Larder Lake Fault Zone – Deep crustal Archean Fault zone hosting many operating gold mines.  Kirkland Lake Camp – 25,000,000 oz. of historic gold production. Timmins  Macassa Mine - Kirkland Lake Gold Moray Gold Project Kirkland Lake Gold 2P Reserves of 2,282,000 oz. gold in 3.53 million tonnes 100% acquired from Exiro (2020) Macassa Mine Historical showing, 1,856 ha. at 20.1 g/t Au, one of the highest grade gold mines in (183,038 oz Au in 2020) the world (Dec. 31, 2020).  Young-Davidson Mine – Alamos Gold Inc. Ashley Mine Historical Gold Mine 2P Reserves of 3,232,000 oz. gold in 41.2 million tonnes Kirkland Lake at 2.44 g/t Au (Dec. 31, 2020) – 32 km SE of Moray.  Historic Ashley mine along Galer Fault produced Larder Lake 50,099 oz gold.

Matachewan New Break Resources Alamos Gold Inc. Young-Davidson Mine 20km Mines (Past & Producing) (136,200 oz Au in 2020)

Greenstone Belt

10 September 2021 Moray Gold Project - Matachewan, Ontario

HIGHLIGHT: Compelling drill intersections of gold mineralization that have never been followed up in the world-class Ontario Abitibi Greenstone Belt. Road access and trucking distance to multiple producing mines and mills in the region.

N

Property Highlights

 100% owned (2% NSR, of which 1% can be repurchased for $1.0 million).  Geological Setting - Archean Abitibi Greenstone Belt with the gold occurring along the Galer Lake Fault, a major splay off the prolific Cadillac-Larder Lake Fault.  Three Principal Exploration Targets: (1) Fiset Syenite Target - the gold bearing syenites are similar to those that host the Young- Davidson gold mine, 32 km southeast of Moray. (2) Moray Unconformity Target – possible extension of the Cadillac-Larder Lake Fault. (3) Paired Ultramafic Intrusive Target 1km

11 September 2021 Nunavut – A Golden Opportunity

 Nunavut was created on April 1, 1999, after separating from the Northwest Territories. It represents 20.4% of Canada’s area, covering over 2.0 million km2. is the capital.  It’s population is ≈ 39,400, of which 84% are Inuit, meaning “the people”.  ≈$155.6 million was spent in 2018 on mineral exploration and deposit appraisal work, with close to 90% focused on gold discoveries, with the remainder mainly on diamonds, copper, zinc and iron.  Mineral wealth generated ≈$1.16 billion in 2018, split almost equally between gold and iron ore. Agnico Eagle is the dominant gold producer.  There are over 25 exploration and mining entities active in Nunavut.

List of Mines in Nunavut Mine Commodities Closest Town Owner Start End Mine Zinc, lead Nanisivik Breakwater Resources 1976 2002 Zinc, lead Resolute Cominco 1981 2002 Echo Bay Mines Limited Lupin Mine Gold Acq. by Kinross Gold 2002 1982 2006 Jericho Mine Diamond Tahera Diamond 2006 2008 Meadowbank Mine Gold ** Agnico Eagle Mines Ltd. 2010 Iron ** Baffinland Iron Mines 2014 TMAC Resources Inc. Hope Bay Mine Gold ** Acq. by Agnico Eagle 2021 2017 Amaruq Mine Gold ** Baker Lake Agnico Eagle Mines Ltd. 2019 Meliadine Mine Gold ** Agnico Eagle Mines Ltd. 2019 2034 Qilalugaq Mine Diamond North Arrow Minerals ** Currently in Operation

12 September 2021 Regional Nunavut Property Locations

Newly Acquired Properties Nunavut - Kivalliq Region 3.8M oz. historic gold production Noomut/Esker Claims - (6,227 hectares, 323 units) Amaruq  Esker Gold Zone -1997 drill results Comaplex Minerals Corp. N 2.35 g/t Au over 70.95 m (10.20 m – 81.15 m) (hole 97‐13) (Au production ‐ expected in 2022) 8.18 g/t Au over 13.27 m (36.04 m – 49.31 m) (hole 97 15) Nunavut  Southern claim block – contiguous to 3rd party claim Agnico Eagle having historical drill results of 4.41 g/t Au over 3.0 m and Meadowbank & 18.30 g/t Au over 3.0 m (hole 96-6) and 9.20 g/t Au over Meliadine Mines 2.5 m (hole 96-7). (528,302 oz Au in 2020) Angikuni Sundog Gold Sy Claims - (14,997 hectares, 796 units) Lake Project* Expression of  Ability to build from proprietary historic work including Interest prospecting, drilling, airborne geophysics (2006). Sy Rankin Inlet  Historical drill results of 3.38 g/t Au over 3.5 m and 3.18 g/t Au over 7.0 m and surface grab samples of up to 38.0 g/t Au. Noomut Cullaton Lake Angikuni Lake Claims - (736 hectares, 39 units) Historical Gold Mine  Robin Zone – grab samples over 1.6 km mineralized zone New Break Resources – highest grade 11.75 g/t Au, 16.20 g/t Ag, 2.18% Cu (2010) 100km  AN Zone – grab samples over 400 m, up to 71.45 g/t Au, Mines (Past & Producing) 1,193 g/t Ag and 6.88% Cu (2010). Expression of Interest  2 F13 Zone – Mineralization over 1 km , 44 grab samples Sundog (9,415 hectares) Greenstone Belt (2010) – 23 >1.0 g/t Au, 19 >1% Cu, 24 >1.0 g/t Ag – highest  Grab and channel samples up grade sample 399 g/t Au, 129 g/t Ag, 8.41% Cu. to 97.6 g/t Au and 19.5 g/t Ag

13 September 2021 *Expression of Interest submitted to NTI (July 2020) Sundog Gold Project - Kivalliq Region, Nunavut

2.5km N

 Nunavut - low holding costs on mineral claims. Proterozoic  Expression of Interest on 9,415 ha.  Abitibi gold and VMS style environment Archean  Region produced 528,302 oz gold in 2020 from Rust/Gossan Nunavut Agnico Eagle mines (Meliadine and Meadowbank) Trench

Valuable Historical Work Conducted

 Detailed geological and structural mapping  38 detailed trenches  Grab and channel samples . Gold values up to 97.6 g/t Au . Silver values up to 19.5 g/t Ag  Thin sections and interpretations  2014 report by Kretschmar & Reading

Next Steps: Digital transformation and Quartz tourmaline veining, associated compilation with Sundog gold mineralization Sundog Gold Project NTI Expression of Interest

14 September 2021 Geology Map - Geology by Ken Eade, 1965. GSC Memoir 377 Sy - Kivalliq Region, Nunavut

 N Gold is associated with 10km sulphides in iron formations Sy - Kivalliq Region and metavolcanics 14,997 hectares, 796 units  Property is prospective for both Gold and VMS occurrences Nunavut  Hosted in the Greenstone Belt – similar to Woodburn Lake Belt’s Meadowbank Gold Deposit and the Rankin Inlet Belt’s Meliadine Gold Deposit

Valuable Historical Work Conducted

 40 known gold occurrences on Sy – limited historic drilling 3.38 g/t over 3.5 m and 3.18 g/t over 7.0 m, samples up 38.0 g/t Au.  Airborne Geophysics (2007) Mag and EM – 690 EM conductors – likely sulphides associated with iron formation and volcanics Next Steps: Digital transformation and compilation Source: EM anomalies on magnetics – Apex Geoscience, 2007

15 September 2021 Pre-IPO Investment Opportunity

 Strategic plan to move New Break from PRIVATE TO PUBLIC in Q4 2021.

 Current implied market capitalization at $0.10 per share of ≈$3.3 million is BELOW PUBLICLY TRADED PEERS.

 Exposure to a PIPELINE OF CANADIAN GOLD PROJECTS within favourable mining areas.

 Combination of EXPERIENCED MANAGEMENT, strong TECHNICAL TEAM, key ADVISORS and STRATEGIC SHAREHOLDERS.

 Focused on CORPORATE SOCIAL RESPONSIBILITY and building PARTNERSHIPS to create long-term SUSTAINABLE VALUE.

16 September 2021 Work Completed & Near-Term Strategic Plan

2020 2021

Project & Corporate Advancement - Completed Q2 Q3 Q4 Q1 Q2 Q3 Q4

Expression of Interest submitted to NTI to acquire Sundog Gold Project (Nunavut)

Acquisition of Moray Gold Project from Exiro Minerals Corp. (Northeastern Ontario)

Moray data compilation and completion of Moray Gold Project NI 43-101 Technical Report

Stake Sy (14,997 Ha.), Noomut/Esker (6,227 Ha.) and Angikuni Lake (736 Ha.) Gold Projects (Nunavut)

$0.10 Unit financing ($842,000) and $0.12 F-T Unit financing ($415,200) – June 25, 2021

Moray Project – First Nations consultation, apply for Exploration Permit, complete VLF Survey

Project and Corporate Advancement – In Progress

Sundog Project – Execute Mineral Exploration Agreement with NTI

Sundog & Sy Data Purchase (June 24, 2021) – Complete compilation of invaluable historical data

Moray Gold Project – Drone Magnetic Surveys and data interpretation, final selection of drill targets

Preparation of public listing materials and GO PUBLIC!

Completed new hard dollar and F-T financing, concurrent with going public

Due diligence review and complete additional property acquisitions

17 September 2021 Note: This represents a preliminary timeline estimate Contact Information Michael Farrant – President and Director [email protected] 416.278.4149

Bill Love – Vice-President, Exploration [email protected] 519.272.6312

Other Information: Legal Counsel: Peterson, McVicar LLP – Dennis Peterson Auditors: McGovern Hurley LLP Transfer Agent: Capital Transfer Agency ULC

New Break Resources Ltd. 18 King Street East, suite 902 18 Toronto, ON M5C 1C4